Problem with CC application question

Craftyscholar

I am applying for a 0% CC
One of the questions is amount of monthly repayments on loans.
I do have a loan agreement (which is on my Experian report) started in August 2011, but the first payment on this loan is not due till March 2012.
So at the moment I do not have any loan repayments, but if I leave that question blank will they think when they check that I am trying to hide the loan?

Fruit_and_Nut_Case

Craftyscholar wrote: »

I am applying for a 0% CC
One of the questions is amount of monthly repayments on loans.
I do have a loan agreement (which is on my Experian report) started in August 2011, but the first payment on this loan is not due till March 2012.
So at the moment I do not have any loan repayments, but if I leave that question blank will they think when they check that I am trying to hide the loan?

I guess a lot depends on the actual wording of their question. If it is "How much are you currently paying per month" then £0.00 is accurate.

Craftyscholar

Fruit_and_Nut_Case wrote: »

I guess a lot depends on the actual wording of their question. If it is "How much are you currently paying per month" then £0.00 is accurate.

The form just has

Monthly mortgage/rent
Monthly repayments on loans/HP
Monthly living expenses

With boxes for the amounts

If I hadn't sent off for my credit checks I would not have thought of putting anything as the agreement doesn't start till next year.

I did start to apply on-line but my internet connection was playing up so I went back to the paper form. I didn't get far enough to find out how the on-line version worded the same question.

Vikipollard

Personally I would put the amount in that you will be paying from March 2012. That way they will assess based on real information not the temporary delay in payments starting, and they will see that you are being totally upfront with them.

HTH

Craftyscholar

Thanks to you both.

So one vote each way :think:

Craftyscholar

I went for Option 3 - apply by phone.
No query about any loans, although of course it will show up on the credit check.
Now just got to wait to see if I get the acceptance package.

Craftyscholar

Craftyscholar wrote: »

I went for Option 3 - apply by phone.
No query about any loans, although of course it will show up on the credit check.
Now just got to wait to see if I get the acceptance package.

Well, eventually (think stuff got caught up in the Christmas mail and holiday closures) I got the CC and have transferred the loan.
Thanks to those who offered advice.